Motor vehicle third party liability insurance premium reached 190 USD mil in 2013 in Malta, according to the National Central Bank / OECD. This is 18.2 % less than in the previous year.
Historically, motor vehicle third party liability insurance premium in Malta reached an all time high of 232 USD mil in 2012 and an all time low of USD mil in. When compared to Malta's main peers, motor vehicle third party liability insurance premium in Greece amounted to 1,502 USD mil and 22,303 USD mil in Italy in 2013.
Malta has been ranked 20th within the group of 25 countries we follow in terms of motor vehicle third party liability insurance premium.
Motor Third Party Liability Insurance (MTPL) ensures that damage to third party health and property caused by an accident for which the driver and/or owner of the car were responsible is covered.